FST.NM

About

FirstRand Limited provides banking, insurance and investment products and services to retail, commercial, corporate and public sector customers in South Africa and various African countries. The Company consists of a portfolio of financial services franchises, including First National Bank (FNB), a retail and commercial bank;... (more)

Financials

JOHANNESBURG South African lender FirstRand said on Monday suspicions of money-laundering lay behind its decision to cut ties with a business family linked to allegations of influence-peddling in President Jacob Zuma's government.

JOHANNESBURG, Nov 8 South Africa's big four
banks will see a rise in problem loans in the next 12 to 18
months as the economy struggles to grow, but this poses only a
moderate risk to profits, ratings agency Moody's said on
Tuesday.

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